NOT LISTED FOR SALE

2712 E Adams St Long Beach, CA 90810

Estimated Value: $777,000 - $981,659

5 Beds
2 Baths
2,337 Sq Ft
$380/Sq Ft Est. Value

Last Sold October 30, 2014

Last sale price $519,000 $222 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,439/month

61 Days on Market

Highlights

  • Gated Parking
  • Contemporary Architecture
  • Granite Countertops
  • Open Floorplan
  • Wood Flooring
  • No HOA

About This Home

As of October 2014

Two Homes,
2714 E Adams is a 3 Bedroom, 1.5 Bath home with New Kitchen Cabinets, Dishwasher, Granite and Appliances and 2 new Bathrooms with new cabinets, sinks, New tile and Marble, Laundry Room, New wood floors, Air conditioned, Garage with roll up door and opener, Fenced Yard.
2712 E Adams is a 2 Bedroom 1 Bath Remodeled Kitchen and Bath, Fenced Yard, Long terms tenant pays $1400 per month.
These two homes are are on a large 8,191 Sq Ft lot. The homes are side by side, each home has separate driveways to their own parking.
Each home has separate Gas, electric and Water meters.

Last Agent to Sell the Property

LLoyd Anastasi

Anastasi Properties, Inc. License #00382510 Listed on: 07/25/2014

Last Buyer's Agent

LLoyd Anastasi

Anastasi Properties, Inc. License #00382510 Listed on: 07/25/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,743

Year Built

  • Built in 1930

Lot Details

  • 8,191 Sq Ft Lot
  • Lot Dimensions are 74 x 110
  • No Common Walls
  • Block Wall Fence
  • Rectangular Lot
  • Level Lot
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Detached Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Driveway
  • Gated Parking

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Concrete Perimeter Foundation
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,337 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Beamed Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Bay Window
  • Sliding Doors
  • Insulated Doors
  • Panel Doors
  • Entryway
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Laminate
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Mirrored Closets Doors
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Utilities

  • High Efficiency Air Conditioning
  • Wall Furnace
  • Vented Exhaust Fan
  • Private Water Source
  • Gas Water Heater

Additional Features

  • Accessible Parking
  • Energy-Efficient Appliances
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance, water
  • Tax Lot 607+
  • Tax Tract Number 6720
  • Assessor Parcel Number 7316005020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $360
  • Maintenance Expense $1,440
  • Trash Expense $468
  • New Taxes Expense $6,900
  • Gross Income $4,000
  • Net Operating Income $37,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,743

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 6.24
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: President
  • Zoning: CARS
  • Architectural Style: Contemporary
  • Property Condition: Termite Clearance
  • Property Type: Residential Income
  • Parcel Number: 7316005020
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Built-in Features, Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Open Floorplan, Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Laminate, Stone, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Insulated Doors, Mirror Closet Door(s), Panel Doors, Sliding Doors
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 222.08
  • Room Type: Entry, Living Room, Master Bedroom, Walk-In Closet
  • Window Features: Blinds, Bay Window(s)

Exterior Features

  • Foundation: Concrete Perimeter
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Detached Carport, Concrete, Driveway, Garage, Gated, Built-In Storage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Microwave, Vented Exhaust Fan, Water Line to Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 468.00
  • Water Source: Private
  • Cooling: High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Green Features

  • Efficiency: Appliances

Lot Info

  • Lot Features: Back Yard, Front Yard, Level, Rectangular Lot, Lot 6500-9999
  • Lot Size: 74 X 110
  • Lot Size Sq Ft: 8191.00
  • Lot Size Acres: 0.1880

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance, Water

Multi Family

  • Gross Income: 4000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 360.00
  • Lot Size Area: 8191.0000 Square Feet
  • Maintenance Expense: 1440.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 37392.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Number With Carpet: 1
  • Number With Dishwasher: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 9168.00
  • Rent Control: No
  • Total Actual Rent: 16800.00
  • Vacancy Allowance: 1440
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 6900.00
  • Taxes Percent: 0.85
  • Tax Lot: 607+
  • Tax Tract Number: 6720
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2014
Closed on
Sep 25, 2014
Sold by
Anastasi Lloyd R and Anastasi Laurene T
Bought by
Reyes Manuel S and Reyes Juana
Seller's Agent
LLoyd Anastasi
Anastasi Properties, Inc.
Buyer's Agent
LLoyd Anastasi
Anastasi Properties, Inc.
List Price
$589,000
Sold Price
$519,000
Premium/Discount to List
-$70,000
-11.88%
Current Estimated Value
$887,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,415
Avg. Annual Appreciation
5.01%
Original Mortgage
$415,200
Outstanding Balance
$319,478
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$567,937

Purchase Details

Closed on
Jan 31, 2008
Sold by
Ripley Jacob A
Bought by
Anastasi Lloyd R and Anastasi Laurene T

Purchase Details

Closed on
Oct 29, 1996
Sold by
Citibank Fsb
Bought by
Ripley Jacob A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,383
Interest Rate
8.11%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 8, 1996
Sold by
Contreras Emma and Citibank Fsb
Bought by
Citibank Fsb
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Reyes Manuel S $519,000 North American Title
Anastasi Lloyd R $115,005 None Available
Ripley Jacob A $145,000 Stewart Title Company
Citibank Fsb $161,500 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Manuel S $415,200
Previous Owner Ripley Jacob A $142,383
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2014 10/30/14 Sold $519,000 -11.9% $222 / Sq Ft
09/24/2014 09/24/14 Pending -- -- --
07/25/2014 07/25/14 For Sale $589,000 -- $252 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,743 $623,750 $300,457 $323,293
2024 $8,743 $611,520 $294,566 $316,954
2023 $8,564 $599,531 $288,791 $310,740
2022 $8,146 $587,777 $283,129 $304,648
2021 $8,035 $576,253 $277,578 $298,675
2020 $8,026 $570,345 $274,732 $295,613
2019 $7,734 $559,163 $269,346 $289,817
2018 $7,579 $548,200 $264,065 $284,135
2016 $7,267 $526,914 $253,812 $273,102
2015 $7,120 $519,000 $250,000 $269,000
2014 $6,552 $455,000 $280,000 $175,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14158714

California Regional Multiple Listing Service (CRMLS)

APN: 7316-005-020